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Ethylene dichloride market (Covid-19 Impact): Global Industry Size, Share, Opportunity, Forecasts, 2026

Author : Ravi Chawat | Published Date : 2020-08-25 

Ethylene dichloride market to carve out a profitable growth from 2020 to 2026. Ethylene dichloride (EDC) is prominently used in the production of chemicals and products utilized in packaging, transportation, construction, and healthcare applications. It finds wide use in solvents in closed systems for different extraction and cleaning purposes in organic chemistry. Furthermore, ethylene dichloride is used as a wetting and penetrating agent in plastics, as a dispersant in rubber, and added to leaded gasoline as a scavenger.

More than 90% of commercially-produced EDC is used in the production of vinyl chloride monomer (VCM), a major constituent of polyvinyl chloride (PVC). One of the most important verticals within the bulk and specialty chemicals domain, global ethylene dichloride market size is slated to witness notable growth prospects in the coming years. EDC consumption is likely to be driven by a substantial demand for PVC across construction and electrical sectors.

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DowDuPont, Horizon Chemical Industry, Occidental Chemical Corporation, Punjab Chemicals and Crop Protection, LG Chem, Formosa Plastics Corporation, and Westlake are among the major key players in the ethylene dichloride market worldwide.

Growing demand for PVC across the globe

PVC is an economical and versatile material used in construction, healthcare, automotive, and electronics sectors in products ranging from wire and cable insulation to piping and siding, windshield system components, blood bags and tubing and more. Some of the industry's leading companies have been aiming to boost ethylene dichloride market in anticipation of a robust demand for PVC in the upcoming years.

Some major growth restraints and COVID-19 impact

Several health risks associated with accidental exposure to ethylene dichloride and strict government regulations regarding its usage may limit its adoption slightly. Manufacturers are working to implement new technologies, such as high-temperature direct chlorination, which increases the yield and purity of the manufacturing process.

Browse More News:

https://www.globenewswire.com/news-release/2020/04/01/2010390/0/en/Titanium-Dioxide-Market-is-slated-to-surpass-27-billion-by-2026-Says-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2020/01/22/1973392/0/en/The-Graphene-Market-to-record-406-million-by-2026-predicts-Global-Market-Insights-Inc.html

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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